events soren more than four hundred percent so the impact on homeowners is already real and some studies making grim predictions of up to five feet of sea level rise by the end of the century others suggest in the up to twenty three billion dollars of existing property state wide could be underwater by twenty fifty with these predictions in mind the city of miami beach has embarked on an ambitious and expensive defensive program that includes elevating roads and installing powerful new pumps the city has also raised the minimum height to newly constructed homes to one foot above base flood elevation experts underline the importance of the infrastructure plans in order to combat sea level rise the city of miami beach has set aside four hundred million dollars to put in pumps and other flood control infrastructure that will help deal with the sunny day flooding that they're

experiencing and they have been really proactive the city leaders have been incredibly proactive in not denying. ignoring it but facing it and taking real steps in real time to deal with it we're not seeing really the same amount of political will at the state or federal levels private developers are also taking precautions a good example of this is a recent condo project in the coastal neighborhood of coconut grove where the builder added a seventeen acre park to better absorb water from flooding in all south florida's coastal communities will be reshaped both physically and economically by climate change and it is very possible that in the near future the hottest properties on the market will be located in dried neighborhoods rather than close to the big. donovan. miami. climate. the oil there is

a link there the big players saudi arabia is now reportedly focusing on plans to try and increase oil prices to above eighty dollars per barrel the defacto saudi ruler crown prince m.b.'s mohamed bin solomon is reportedly committed to the policy which is a break with past efforts to hold down prices in exchange for u.s. arms and diplomatic support saudi rulers have imposed austerity budgets in recent years as the price of oil has been relatively low allowing the price to bounce back gives the crown prince a little more wealth to share among the population as he tries to restructure the saudi economy. time now for a very brief break when we return r t correspondent alex file of it will tell us why nestle is the food and candy company is paying billions of dollars to starbucks plus a car coach lauren fix is fact and we discussed tesla is terrible trouble plus the car coach has an additional title as of

a few hours ago playing as we go to break here the numbers the closing bell another green arrow for oil today at sixty nine dollars not the eighty dollars that the saudis want will be right back. ministries police school says and city administrations of many countries depend on one cool peroration that does what mike was hoping to avoid doesn't come from the rise. this is how the guns. would says that see the gun into the sea it's just a soup like in proprietary software you don't know this whole scope isn't that such a security risk when you have a black box operating to the public eye to microsoft dependency puts governments under a cyber threat and not only that. this could put us more on. the softness of the

sense of this is something the stones clearly want to move. on to the subroutine. and that's the use of this in the arsenals of the common stipend on television starting there was a sting of uncles and funders up in these crowds on the front.

so what we've got to do is identify the threats that we have it's crazy confrontation let it be an arms race based on off and spearing dramatic development only personally i'm going to resist i don't see how that strategy will be successful very critical time time to sit down and talk. welcome back we've been covering the story of how regulators have been starting to get a grip on regulating cryptocurrency is or at least seriously considering the questions raised by the sector is explosive growth but now some big names in silicon valley investing are lining up to stop the u.s. securities and exchange commission the f.c.c. . from an acting

a regulation that the firms say could hold back the development of block chain technology that is the superstructure of most crypto currencies delegations from andresen horwitz union square ventures and the national venture capital association among other stakeholder holders reportedly met with f.c.c. officials at the ses division of corporate finance to argue against a policy proposal to treat cryptocurrency is created by startups as securities that designation as a security would bring extensive oversight to such tokens as i spoke about on the program last week with attorney gary de wall the case law surrounding the definition of what a security is is crystal clear that crypto is are in fact securities under what is called the how we test nestle the food and candy company is paying starbucks over seven billion dollars why to be able to sell starbucks brand coffee products the often controversial swiss space food giant hopes to boost its global coffee

business through the deal while starbucks is also in to supporting a jolt to its business artie's alex my hyla bitch is following the story in toronto alex thanks for being with what does this mean for nestle's and starbucks. well up for nestle's is a big deals the third biggest transaction in their one hundred fifty two year history so this means big business seven point one five billion dollars worth of investment to buy a part of starbucks is business so this is not like they're taking over starbucks far from it actually what they're doing is that they're getting distribution rights to starbucks proper products and also they will be manufacturing some of the stuff but it's everything from bad coffee to the capsules you know the ones you put in those little machines that's really a part of the business that nestle is looking at so it's a huge business obviously and what they're doing at the marketing aspect of this is kind of brilliant starbucks has a very very strong name arguably is the biggest name in coffee in the world so nestle is using this to their advantage as well as the twenty eight thousand

starbucks stores around the world that those starbucks cafes that we're talking about they're not going to be bought by nestle that's still just starbucks has nothing to do with it but it's a great marketing vehicle so when you have the bricks and mortar operations all over the world it's a great thing just to have that name out there and of course the products are sold more easily with the advertise in such a great way beyond that you have to look at the fact that it bessie right now this is a great little graph to show you what nestle is fighting about for the nestle believe it or not is the biggest when it comes to coffee so the biggest player in retail coffee hold about twenty two point seven percent of the market share but it's their sales have been weak and their specially been struggling in the u.s. and starbucks is a mega power in the u.s. so for nestle this is a big deal moving forward for starbucks seven point one five billion dollars that's huge for them the company is worth forty four billion dollars but on top of that they will be also be getting royalties from nestle once these products go to into

nestle's hands or start getting this massive distribution around the world alex according to kevin johnson the starbucks c.e.o. he says it's going to bring a starbucks experience to millions more around the world with. the reputation or reach of nestle's curious what you think of that statement and i'm curious whether or not we're going to have nestle's crunch coffee coming to us in the near future interestingly enough leslie's won't even be showing up on the labels of any of these starbucks products because nestle's know this whole great reputation that they have well you know maybe among business it is but not amongst people or scandal after scandal you remember the ninety's the baby formula palm oil rig attendees dying in indonesia because of nestle water that's the big one the huge the water being basically sold or taken from ontario here in canada british columbia from michigan from arizona tons of water being taken for pennies a bottle the plastic the bottles that are in and now these capsules these capsules are biodegradable either so another environmental. disaster put

a problem on their hands maybe starbucks will be able to turn them around r.t. correspondent thank you as always alex. thank you. yes the automaker has a new policy as of today dealing with contractors c.e.o. in law and must said that he has been disappointed to discover how many contractor companies are in or woven throughout tesla contractors was now making a new effort to demonstrate their worth to tesla and have tesla employees a vouch for the contractor mr musk has even gone as far as denying access to the facilities to contractors hundreds of contractors work at tesla's fremont california plant alongside roughly ten thousand tesla workers the new policy walsall impact other facilities of tesla for more on tesla and other auto news

we're joined by lauren fix who congratulations are in order because the car coach lauren is the newly elected president of the north american car truck and utility of the year or ward's association congratulations lauren thank you so much i'm very honored and the sixteen jurors of all forms of media we have make good choices so that you could make a choice what does it do tell us a little bit about it it's a manual war and i assume it's an annual award held at the detroit auto show or the north american international auto show you choose the best car utility and truck of the year based on a lot of different factors including cost lester's where was the hind quarter the full acces sixty and the lincoln navigator and they have to be ahead in technology and safety and price and really be good vehicles for consumers so there's no bio remorse and because we're so diverse of all ages and different types of outlets you get a really good choice and and and you get to drive all these new cars oh yes i drive three cars

a week if i were you and then we also go out to drive events all over the globe it sounds like a good gig congratulations i told mr to hear terms so we look forward. talking with you more about it so on to tousle after last week's earnings call reporting that the first quarter earnings or lack there of tesla stock dropped five percent and it came back a little bit on friday but it raises some serious questions and you've been sort of a skeptic of tesla since the time we've been speaking but is wall street beginning to see some of the things the way you've been seeing them lauren william definitely during earnings call last literally just said that their questions were boring when analysts were asking serious questions because investors want to know where is the company going are you now using deposits and calling them income which he wasn't doing that before and that included for people who are purchasing service plans in advance so a lot of this stuff is changing the way he does his accounting which is not the generally accepted accounting principles known as g eight p.

or gap so because of that they got questions but when he said they were boring and basically hung up on them in order to get it basically a blogger who was a big fan of the law and lost that's true a lot of red flags and that really cost him in the stock market they say he lost about a billion dollars in value but you remember eleven it says in the past it's in the past that the company is only as good as its leader and he even reference. that area a one two three and fisker in the past they failed because the leader was unable to keep and less happy so i think he may have stuck his foot in his mouth on that one sounds like it they spent it said in the end their q one four hundred million and that doesn't even include the cost of a quick minute which is more than sixty five million dollars plus the company has a debt due of one point three billion dollars so they're going to read the need to raise some more cash right. well he says he's not going to raise cast cash i don't know how he's going to do it i mean they've got huge shutdowns on the production

floor they get the u.a.w. literally camped out across the street from the factory they're trying to get people to say they want the union in there if the union goes and has a cost per car is going to really increase dramatically which means a larger loss and he's already taking any car if it wasn't for his death credits and the carbon credits that he sells to other car manufacturers that are required to meet a certain standard or lot of seven credits he wouldn't have anything but if he fails if for some reason tesla does go bankrupt that will put such a black eye and south credits it could change the whole a layout of what we're buying and cars in general will that impact hybrids will that impact the infrastructure they're trying to build because consumers are only buying these vehicles because they're getting the state and federal tax credits those go away for whatever reason that could be even a bigger black eye for that portion of the industry and finally you know this year is the fiftieth anniversary of the love bug one nine hundred sixty eight film using that iconic sixty three v.w.

beetle named herbie with that number fifty three on the door of the original film was followed by four additional movies including the two thousand and five reboot with lindsey lowe and my question is you know you've just seen a lot of these beatle fans all around and other folks car enthusiastic your travels right. absolutely there is even people that are total collectors of the twenty one window micro bus were those the oh absolutely they were very big in the sixty's yeah i mean i'm a mustang fan i mean my daughter shelby we collect old ford mustangs i have friends that are corvette crazy porsche friends no matter what the brain does even the pontiac aztek you'd be surprised there are people that like that car but you know i think that's the whole thing it's a passion a story that we all have for cars that we remember when we were in high school and also the cars we lost after a car enthusiasts are everywhere i did a long drive this past week and lauren i got to me and there are miata fan called out there too and i had people going by and giving me i guess there's

a miata sign i don't i don't know what people were waving in sort of a weird way to me so i just waved right back and smiled anyway we're pleased they are with us lauren not just the car coach lauren fix but now the president the newly elected hours ago president the north american car utility truck of the year awards lauren thank you for your time thank you bart. and before we go and speaking of beatles the fifth beatle spelled differently the late sir george martin is in the news according to a stew of the recording studio rather of the late recording producer is being put up for sale sir george was given the informal fifth beatle title by many including sir paul mccartney due to the producer's important influence on the beatles the studio has been used recently for movies such as dunkirk phantom thread and interstellar the studio is still used by mr mccartney and bands such as muse and coldplay they are sale which will be conducted by bridge capital will include the

more than four million dollars worth of recording equipment and expected to drop many wealthy potential purchases for the already profitable studio and that's all for now thanks for watching be sure to catch boom bust on you tube you tube dot com slash boom bust r.t. will catch you next time.

take you. it is like the. americans i would say i'm not american but americans helped out really. world war

two cures the depression cars united states was concerned prosperity of course from store. for the for us the whole world what it what and. historical rewrite ever since world war two to foment the cold war against russia against communism and. socialists nish bush. the soviet army out to all costs right so use could all go. well i think world war two has been distorted credibly by the anglo-american media and that's because they wanted to minish the role of russia. and stalin who actually defeated hitler.

when lawmakers manufactured consensus and still public wealth. when the ruling classes to protect themselves. in the final larry go round the sun be the one percent. we can all middle of the room sit. around in the real news room. president trump is set to announce anybody whether the us will quit the a brand new. deal despite world leaders having tried to stop it. from sconce official pick to head of the cia is set to be grilled by the senate hospitalists previously been implicated in the agency's two just programs.

work is that the auschwitz museum said they're being targeted by polish nationalists who say only poles should be allowed to work as guides at the former concentration camp. harvey theses on international. is expected to announce the fate of the iran nuclear deal any moment now he revealed that he be making today statement old twitter yesterday but he has been a huge critic of this agreement all the way along the president's threat to scrap the deal has raised concerns across europe in particular let's go live to of course when will the. decision on the thiele could happen any moment when we have to

interrupt you but let's let's let's go ahead and see how far we get the u.s. not the only country you want to tear this up either. yes we're waiting for trump to start speaking in regards to the iran deal at any moment now we've already seen some reports that trump is going to announce that he is scrapping the deal some reports of indicated he may have told this to french president klon however defend the french position officially is that they have heard nothing and they do not know what move trample take now trump has just met with both the french president hollande as well as german chancellor angela merkel both of them are big supporters of the iran nuclear deal now boris johnson the u.k. foreign sekret. kerry he is a big supporter of the iran nuclear deal as well and he wasn't able to meet with donald trump so we actually appeared on donald trump's favorite television program fox and friends now furthermore we've heard many european voices speaking up in

favor of the deal we've heard russia and china speaking in favor of the iran nuclear deal but donald trump has long been a critic of the iran negotiations in the j.c. plea plus a plus one the j c b o a p five plus one nuclear conclusion this is some of the support for the deal that we've heard in the international community. that would be tougher on iran but not throw away that the heart of the deal. for you if i speak to respect this agreement and intend to stick to it whatever the american decision may be we will deal with the u.s. decision in turn to adhere to this agreement the deal we have in place now today the only existing deal for the moment he's working on that china will adopt a fair and responsible attitude to making further contributions to preserving and implementing the agreement. ok i do apologize when divorce connects with our correspondent caleb moore pin we

will come back to him a little later in the hour now the iran nuclear agreement was reached by continue thousand and fifteen is between tehran and the five permanent members of the u.n. security council plus germany gauche ations to move the nine years and under the deal iran was obliged to limit its nuclear program in return for the lifting of sanctions and it trumps the scrap this agreement iran's president hinted that his country might continue to comply in any case he spoke to political analyst from hughes. i would do that one never. mind cop stops threatening or on the other little members which are all part of this greater collective or alternative city ron paul or hold on we've got your back let us for call and give them something and this is becoming more and more like it was this lee no matter what a very good all's it leaves an early one for them in israel at sixty in are used as leverage but i believe that they are creating the conditions were firstly the

malaysian enemy there you clear. indication that they have these weapons of mass destruction through the least with. iran and indeed. has as sort of faith that they thought all nuclear capable of the world constitute but us that this is a chance to want to place an exit or ron. so if you're watching last hour i did say donald trump saying he was going to be here at the top of the hour didn't necessarily mean that he's very unpredictable in almost everything he does but the moment he turns up at the white house we'll go straight to him. and meantime the woman who don't try wants is his new director of the cia is set to be grilled by the senate the appointment of would be controversial as she's been implicated in the agency's so-called enhanced interrogation techniques details his artie's my guess the. trump's really pushing gina haskell is the

perfect candidate strong really strong smart tough and with thirty years of judy behind her so why all the hate one highly respected nominee for cia director gina her support has come under because she was too tough on terrorists think of that in these very dangerous times we have the most qualified person a woman who democrats want out because she is too tough on terror when jeana tough and terrorists meaning she ran a secret cia detention center where she those under her reportedly tortured prisoners by the way the videotapes which allegedly documented some of the most horrific tortures were destroyed by the cia tough woman all right with years of experience in illegal and immoral torture and any other reasons to vouch for her

there's no one more qualified to be the first woman to lead the cia than thirty plus years cia veteran gina has but any democrat who claims to support women's empowerment and our national security but opposes her nomination is a total hypocrite. interesting how someone's gender is now a factor when selecting a new cia head great argument as well that's like telling all black people all white people to only vote for the candidate of their skin color and people aren't buying that argument torture sarah to choose the reasons why she's not qualified if you ridiculous trump loving idiots feminism is about ensuring that women have the same rights and opportunities as man it also means holding women as accountable as man i oppose any torture of male or female for cia director that's like saying if you claim to be a group monkey but refused to eat one of jack the ripper is prime cuts of meats

you're a hypocrite women's empowerment is about getting their rights women nominated for the job not just one with seniority now gina who apparently had no problem torturing tied up suspects is allegedly squeamish about the confirmation hearing all those tough questions and in public might prove too much but trump has her back don't tell me it doesn't work to what your works ok folks tortured but you know i have these go torture doesn't work believe me it works ok trump was applauded for that and many are of course against haskell and for their troubles their targeted with this president trump is nominated hospitalise the cia but rand paul is opposing her confirmation falsely accusing her of torturing good luck trying to appease a big assed bull did exactly what our country asked of her and what was necessary to keep us safe call rep with mine to washington to represent us.

fortunately those resisting on capitol hill alone one hundred nine retired generals and admirals have urged the u.s. senate to reconsider given her ties to you know torture. during human beings as a retired general and flag officers of the united states military we are deeply troubled by the prospect of someone who appears to have been intimately involved in torture being elevated to one of the most important positions of leadership in the intelligence community with this much opposition to gina has balls nomination the job is still far off but make no mistake if the former torturer gets the job despite everything many many people will cheer and applaud. workers at the museum of the former nazi death camp auschwitz say that they've become the target of a hate campaign waged by polish nationalists they're also concerned about an

increase in anti semitic incidents most recently the home of an italian guide at the museum was vandalized with swastikas and xenophobic slogans they included poland for the poles and only polish guides in auschwitz polish nationalists have accused officials at the side of downplaying the deaths of naam jewish prisoners at the camp. what we hear is that people who died here mostly were jews that's a lie let me speak and so it is the government of israel and jews polish jews especially our attacking us they make us look bad. auschwitz museum officials deny claims that they have underrepresented the deaths of polish jews and also say that workers have been the target of online harassment and fake news reportedly incited by nationalists and that coincides with the introduction of poland's new holocaust speech law it was passed this year and it bans any claims that the country.